Billionaire Robbins Started Selling Flex Ltd. (NASDAQ:FLEX)

Billionaire Larry Robbins is the largest hedge fund backer of Flex Ltd. (NASDAQ:FLEX) with a total holdings of 39 million shares at the end of September. On A regulatory filing last week disclosed that Robbins discarded more than 2.5 million shares of Flex Ltd. (NASDAQ:FLEX), a design, engineering, and manufacturing solutions company, through January 3rd. Glenview Capital also sold 19% of its FLEX position during the third quarter.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
GLENVIEW CAPITAL MANAGEMENT 0 36,428,016 0 36,428,016 36,428,016 6.75%
LARRY ROBBINS 0 36,428,016 0 36,428,016 36,428,016 6.75%
FLEX assembly, attractive, beauty, blonde, centre, delivery, distribution, employee, equipment, factory, female, hall, indoor, industrial, industry, job, labor, labourer, line, logistic, logistics, manufacture, manufacturing, mature, occupation, overalls, package, part, plant, produce, product, production, sedentary, uniform, woman, women, work, worker, working, workplace, young

Copyright: bialasiewicz / 123RF Stock Photo

Larry Robbins
Larry Robbins
Glenview Capital

Page 1 of 10 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

 

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
FLEX LTD.
(Name of Issuer)
          Ordinary Shares, no par value
(Title of Class of Securities)
Y2573F102
(CUSIP Number)
January 3, 2017
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[    ]           Rule 13d-1(b)
[ X ]           Rule 13d-1(c)
[    ]           Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
Page 1 of 10 Pages
Exhibit Index:  Page 8
Follow Flex Ltd. (NASDAQ:FLEX)